Nike Jumps After Surprise "Wins"

Plus, Carnival's new senior notes.

October 01, 2025

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Today is Wednesday, October 1, 2025.

The Early Bird Index today is 94.24.

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Nike Jumps After Surprise "Wins"

Most expected Nike $NKE ( ▲ 0.26% ) to post a revenue decline, but instead the company posted an increase on Tuesday in its financial earnings results, sending shares up 4.48% in after-hours trading.

Financials: Nike reported earnings of 49 cents per share and revenue of $11.7 billion in the past quarter. Both were better than expected.

Powering the Story: Revenues increased 1%, which is good considering the company was expected to lose money in the quarter. What drove the good results? Revenue in the wholesale business grew 7% and sales in North America were up 4%.

Yes, But: The gross margin declined by 42.2% due in part to higher tariffs. Meanwhile, the direct-to-consumer business saw revenue drop 4%. Revenue in China fell once again, this time by 10%.

Quote: “While we’re getting wins under our belt, we still have work ahead to get all sports, geographies, and channels on a similar path as we manage a dynamic operating environment.” - CEO Elliott Hill.

Early Bird’s Nest Egg Gains: Nike’s comeback is underway, showing early signs of progress, but the company still faces several big tasks to secure a true rebound for long-term dominance.

  • Nike is trying to win in innovation. The company is focusing on technical, performance-driven products in running and basketball.

  • Nike must adapt its product mix and marketing to local preferences in China.

  • The company needs sharper digital execution and data-driven personalization to revive its struggling direct-to-consumer business.

Final Thoughts: Nike’s stock, down 5% this year, is trying to turn things around.

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Notables

Notable Earnings Today: Cal-Maine Foods (Nasdaq: CALM), Acuity (NYSE: AYI), Conagra (NYSE: CAG), RPM Inc (NYSE: RPM), NovaGold Resources (NYSE American: NG), Rezolve Ai (Nasdaq: RZLV).

Notable IPOs Today: Neptune Insurance Holdings Inc. (NYSE: NP), Rice Acquisition Corporation 3 (NYSE: KRSP), AA Mission Acquisition Corp. II (NYSE: YCY), Fermi Inc. Common Stock (Nasdaq: FRMI). 

Notable Equity Crowdfunding Campaigns Ending Today: Aphios Pharma (Netcapital).

Notable Economic Events Today: ADP Nonfarm Employment Change (8:15 a.m. ET), S&P Global Manufacturing PMI (9:45 a.m. ET), ISM Manufacturing PMI / Prices / Employment (10:00 a.m. ET), Construction Spending (10:00 a.m. ET), Crude Oil Inventories (10:30 a.m. ET).

Carnival's New Senior Notes

Carnival $CCL ( ▼ 1.67% ) fell 0.42% in after-hours trading on Tuesday after pricing $1.25 billion in an offering of senior unsecured notes.

Final Thoughts: Carnival’s stock is up over 15% this year.

Enanta Pharma Makes a Public Offering 

Enanta Pharmaceuticals $ENTA ( ▼ 21.04% ) fell 8.27% in after-hours trading on Tuesday after the biotechnology company announced the pricing of a public offering of 6.5 million shares of common stock.

Final Thoughts: The stock is up 114% this year.

We Could See More Stablecoins Soon: Stripe’s new tool can make stablecoins ‘with just a few lines of code’ (Cointelegraph)

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations, and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.